Banknifty on the weekly time frame has been taking support from its 20 ema and has formed another doji. On the daily time frame, the market has closed below 20 DMA. There is a dragon fly doji but the global markets are negative and Indian indices will follow the global markets. The index has taken resistance from its hourly 200 ema and closed between both the...
Nifty has formed another doji on a weekly time frame. Though, market has gained 200 points on the weekly time frame, daily gap up and gap down are not giving any intraday opporunities. The market has closed just below the 20 DMA. Nifty, on the hourly time frame, is stuck between the 20 and 200 emas. In the second half on the trading session the market gave a...
Banknifty on the weekly time frame has closed just below the 38.2% fibonnaci level and has formed a dragon fly doji after testing its 20 ema on weekly time frame. The market, on the daily time frame, has formed a bullish engulfing candle and almost engulfed 2 previous candle on whole. Though the market is trading between both the emas, and global cues are...
Nifty in the weekly time frame has given a dragon fly doji candle. The market has closed just near the 20 ema and the market can retest before falling further. On the daily time frame analysis, the market has given a nice moment in the last trading session and engulfed almost 4 daily candle and closing just near week's open. Market has tested its 200 ema and...
Mana token that is built on Ethereum coin is a currency of Decentraland. It gained a reputation last year after the launch of the metaverse to the public domain and gave a nice return of about 600-700% in just few months. Though, after the initial hype the token lost its gains and travelled back to its inital price. The token started trading below its weekly 20...
Bitcoin on the weekly time frame has given a bearish moving averages cross over and has been consolidating in the previous weeks range. The market is consolidating in a Box pattern. The market are in a bearish trend as Dow has broken its 29000 level after taking resistance from its weekly 20 ema and closed below its 200 ema. Global markets are negative and the...
Banknifty on the daily time frame has given a red candle and almost closed around the previous day low. BN is around its week 20 ema. The market may take a support from its level. After the initial gap up the market fell to the previous day close and consolidated in the second half of the trading session. On the 15 minute time frame, the market is unable...
Nifty has given another negative candle and couldn't hold on to 17000 level. After the initial gap up the market remained negative and closed almost flat. On the hourly time frame, the market took Resisitance from its 20 ema. The market for 2 days had remained in the same range and in the coming week market can give some retracement before continuing the...
Banknifty remained weak as compare to Nifty and closed 250 points lower. The market gave a nice down side movement after touching the round number of 39000. On the 15 minute chart analysis, the market tried to sustain above the 20 ema levels but couldn't hold the levels and took resistance from the same. The markets are heading for a monthly expiry and a...
Nifty as predicted has consolidated whole day and closed almost flat. The markets are holding the level of 17000. Though, on the intraday basis the market broke the level but regained it quickly. Nifty has given a fake out below the 17000 levels. On 15 minute time frame, market took resistance from its 20 ema and closed just below the level. Support :-...
The stock has given a nice break down of the Head and shoulder pattern. The markets are in the negative and the stock has given 40% (approx) returns in 30-35 days time. Stock has broken the neck line of the of the pattern and closed below it. The stock has closed below its 50% Fibonnaci levels. Wait for the stock to retest the price level of the neck line and...
Banknifty for the two consecutive days has fallen more than 2% and losing around 2000 points in just 2 trading sessions. The market remain in the red whole day. Even after the gap down of more than 500 points the banknifty closed 900 points lower. On the daily time frame, the market had tested its 2.618 Fibonnaci level. The market has also breached the level of...
NIfty after touching the crucial level of 18000 has retraced back to the 17000 levels today. Market remain in red whole day. After the initial gap down 170 points the markets closed 300+ points lower. Nifty on the second consecutive day has fallen more than 1.5%. On the hourly time frame, the market remained in a broader range and consolidated in it. Nifty took...
Sunpharma on the weekly time frame has given a nice bullish engulfing candle and a nice 6% return this week. The market has given a negative return but this stock has remained in green. There is possibility of another up move in the coming week and the stock may form new 52 week high. It is following the market movement. It has broken the resistance level of...
Wipro has been consolidating in a range and is forming a double bottom pattern on the weekly time frame. The stock has closed below its 200 ema (weekly chart). The whole IT sector has been in a consolidation phase and is near its recent low. On the daily time frame, stock has given a negative candle and retested its levels of 400. Confirmation points. 1....
Banknifty on the weekly time frame has given a strong negative candle and closed below 40000 levels. There was a nice moment in the last trading session. On daily time frame, it has formed a marubozu candle and closed below its 20 DMA. The market has crossed and sustained belowt its 200 ema on hourly time frame. Banknifty has consolidated in the second half of...
NIfty on the weekly time frame has formed a grave stone doji and formed a triple top pattern. The market on the daily time frame has given a nice bearish candle and lost 300 points. NIfty has closed below its 20 DMA. There is a bearish moving average cross over on hourly charts. Last trading session was a one side moment and there are all negative candle. The...
Banknifty on the daily time frame has formed a doji after a gap down and tested its level of 40500. On the daily time frame, the market has closed below 41000 and closed convincingly below the level of 20 ema. The market has given a nice down side movement and closed between both the EMAs There is a bearish moving average cross over on 15 minute time frame and...